New York’s Attorney General Letitia James has urged victims of the recent crypto market crash to contact her office. The investor alert asked those who believe they have been deceived or locked out of their accounts by various crypto projects impacted by the recent market crash to contact the NYAG Investor Protection Bureau. James also…
Embattled crypto lender Celsius Network has revealed via email that some of its customers’ data were breached by an employee of Customer.io. Announcement from Celsius: “We are writing to let you know that wewere recently informed by our vendorhttps://t.co/452EROQtbc that one of their employeesaccessed a list of Celsius client emailaddresses held on their platform andtransferred…
The International Monetary Fund (IMF) said the recent crypto market crash posed no threat to the wider financial stability of the world economy. The July 26 report “Gloomy and More Uncertain” states that the rising inflation rate and the possibility of a recession caused by the Ukraine war and continued COVID lockdowns have left the…
Tether’s (USDT) liquidation of the $840 million loan it gave to Celsius could be under scrutiny under bankruptcy law to determine if the process was valid, the Financial Times reported July 26. The stablecoin issuer had revealed that it recouped its loan to Celsius by selling the Bitcoin (BTC) the embattled firm had pledged as…
A new class action lawsuit against TerraForm Labs and its CEO, Do Kwon, was filed by Bragar Eagel & Squire, P.C. on July 24 in the state of California. Bragar Eagel & Squire, P.C. also slapped a class action lawsuit against Celsius Network, Alexander Mashinksy, and other firms and individuals connected o the crypto lender…
Three Arrows Capital (3AC) liquidators Teneo have gained control of assets worth $40 million belonging to the embattled hedge fund, Bloomberg News reported July 21. The liquidators reportedly stated that the fund’s assets consisted of bank accounts, cryptocurrencies, NFTs, and stakes in other firms. Bloomberg reported that Teneo representative Russell Crumpler declared on July 20…
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Three Arrows Capital (3AC) liquidators have applied to a High Court in Singapore to deny any claim made by the hedge fund or access to its headquarters, court filings showed. The liquidators said they need the court to protect the hedge fund assets in Singapore, given the number of legal proceedings that might come against…
Struggling crypto lender Celsius has filed for Chapter 11 bankruptcy in the US which could mean users may be unable to recover their funds. Court filings showed that the crypto lender filed for bankruptcy on July 13. Celsius CEO Alex Mashinsky said the move is geared toward restoring confidence in the company’s future. In his words,…
KeyFi Inc, a DeFi staking software developing firm, has filed a lawsuit against embattled crypto lending company Celsius Network over allegations of fraud while also alleging that the firm operated in a Ponzi-like manner. Jason Stone, the CEO of KeyFi, revealed this in a long Twitter thread on July 7. KeyFI and Celsius agreement According…